If you’re following the headlines related to real estate, you’ve likely about the news release issued by the Canadian Mortgage and Housing Corporation (CMHC) regarding their forecasts for Canadian real estate. CHMC, Canada’s largest provider of mortgage insurance in Canada, estimates an incredible 9-18% decrease in the average home values across the country by 2021.
Headlines around the country speculate on the potential impact of COVID- 19 on the real estate market. Some are calling for an outright crash due to record unemployment rates. Some are saying that when all this dies down, we’ll just go back to where we left off with strong housing prices in Guelph. Who’s right?
Within two weeks, the world has changed dramatically. We’re now in the face of massive closures and shutdowns, cancelled sports seasons, stock market declines and fistfights in the aisles of Costco over toilet paper. COVID-19, or the Coronavirus, has impacted everyone internationally in one way or another. But does the trickle-down of this global virus
You’ve definitely heard how important this is in real estate — and that’s because it’s true! Location is a crucial factor when it comes to the value of your home. Not only does what part of town you are in matter, but what is physically near you can actually help or hinder your property value.
Bidding wars. Buyers are frustrated. Sellers cashing in. These echo the sentiments of the Guelph real estate news headlines in 2017. So far in 2020, we’re almost on an identical path. Sellers, you may want to keep reading. In January 2017, the months of inventory (MOI) was bouncing around the one-month level. This means, that at
Guelph bucked the national trend in 2019. Prices and sales across the country were expected to show modest gains and recovery over 2018, and while that was true for the country as a whole, Guelph exceeded expectations and continues to lead most markets in terms of sales and price growth. Last year we indicated that
Condos continue to gain share of total sales
Have you read the latest news about the housing market? Reports relating to sales activity in May reveal that the housing market in Guelph and Toronto are showing an increase in the average price for residential real estate.
One of the most common questions a Realtor® gets asked is, “how’s the market?” And it’s with good reason too. The current pulse of the real estate market drives the decisions of buyers and sellers alike whether it’s in the name of profits, investing, finding a deal, or discovering your dream home. So, how is
It might be the moment that Guelph home buyers have been waiting for. In August, less than 15% of the homes sold in Guelph were purchased over the original asking price, the lowest month percentage in 2018 following a previously slow month for sellers in July. Are buyers starting to get some of the power